CastleKnight Management LP Has $30.42 Million Stock Holdings in Community Health Systems, Inc. $CYH

CastleKnight Management LP trimmed its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 20.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,748,536 shares of the company’s stock after selling 2,513,972 shares during the period. Community Health Systems makes up approximately 0.7% of CastleKnight Management LP’s portfolio, making the stock its 15th biggest holding. CastleKnight Management LP owned 0.07% of Community Health Systems worth $30,415,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Community Health Systems by 601.9% during the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after purchasing an additional 7,963 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $34,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $35,000. Quarry LP acquired a new stake in shares of Community Health Systems during the third quarter valued at about $39,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $39,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Price Performance

Community Health Systems stock opened at $3.01 on Thursday. The stock’s 50 day moving average is $2.90 and its 200 day moving average is $3.13. The firm has a market cap of $423.46 million, a P/E ratio of 0.88 and a beta of 1.86. Community Health Systems, Inc. has a one year low of $2.38 and a one year high of $4.43.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm posted ($0.03) earnings per share. Community Health Systems’s quarterly revenue was down 6.1% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Equities analysts anticipate that Community Health Systems, Inc. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYH has been the topic of a number of recent research reports. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. UBS Group lifted their price objective on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Barclays cut their price objective on Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings lowered Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. Finally, Truist Financial cut their price objective on Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.28.

Community Health Systems Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.